Habanero Announces Closing of Non-Brokered and Brokered Private Placement with Mineralfields Group
HABANERO RESOURCES INC.
1470-701 West Georgia Street Vancouver, BC Canada V7Y 1C6
June 9, 2011
Trading Symbol:
HAO: TSX Venture Exchange HBNRF: USA HRJ: Germany
HABANERO ANNOUNCES CLOSING OF NON-BROKERED AND BROKERED PRIVATE PLACEMENT WITH MINERALFIELDS GROUP
Habanero Resources Inc. (“Habanero” or the “Company”) is pleased to announce in furtherance to its news release dated May 27, 2011, it has completed a non-brokered and brokered private placement of 9,722,305 flow-through units of the Company (the “FT Units”) at $0.13 per FT Unit and 3,000,000 non flow-through units of the Company (the “NFT Units”) at $0.11 per NFT Unit for a total gross proceeds of 1,593,900.
Each FT Unit consists of one common share issued on a flow-through basis and one common share purchase warrant entitling the holder to acquire an additional common share at an exercise price of $0.20 per common share for a period of two years from the closing date.
Each NFT Unit consists of one common share issued on a non flow-through basis and one common share purchase warrant entitling the holder to acquire an additional common share at an exercise price of $0.15 per common share for a period of five years from the closing date.
In connection with the financing, the Company paid aggregate finder’s fees of $11,862.50 and issued a total of 492,115 common shares in accordance with the rules and policies of the TSX Venture Exchange. All securities issued in connection with the closing of the offering are subject to a restricted period that expires October 8, 2011 in accordance with applicable securities laws.
The proceeds from the above financings are intended to be used to fund the Company’s first phase of drilling at the Haldane Silver Prospect in the Yukon, work on the White Gold Prospect in the Yukon, the Lezai Prospect in Quebec and for general working capital.
President Jason Gigliotti stated, “We are very pleased to be entering into this relationship with MineralFields Group. This is an important milestone in the growth of Habanero Resources Inc. and we look forward to working with MineralFields Group as we develop our holdings in the Yukon, Alberta and Quebec regions.”
About Habanero
Habanero is a diversified junior company with the following prospects; the White Gold Prospect in the White Gold Region Yukon, bordering Kinross’ Golden Saddle discovery, the Haldane Silver Prospect in the Keno Hill Region of the Yukon; a sizable land holder within the land prospective for lithium in Alberta; and significant acreage in Quebec bordering Beaufield Resources and acreage in the Alberta Oilsands.
About MineralFields, Pathway and First Canadian Securities ®
MineralFields Group (a division of Pathway Asset Management), based in Toronto, Montreal, Vancouver and Calgary, is a mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada as well as hard-dollar resource limited partnerships to investors throughout the world. The sector focus is on gold and precious metals, base metals, rare earths and lithium, potash, uranium, oil, coal and gas. Pathway Asset Management also specializes in the manufacturing and distribution of structured products and mutual funds (including the Pathway Multi Series Funds Inc. corporate-class mutual fund series). Information about MineralFields Group is available at www.mineralfields.com. First Canadian Securities ® (a division of Limited Market Dealer Inc.) is active in leading resource financings (both flow-through and hard dollar PIPE financings) on competitive, effective and service-friendly terms, and offers investment banking, mergers and acquisitions, and mining industry consulting, services to resource companies. MineralFields and Pathway have financed several hundred mining and oil and gas exploration companies to date through First Canadian Securities ®, and have raised over $1 billion in their 10 year history.
À propos de MineralFields, Pathway et First Canadian Securities ®
Le Groupe MineralFields (une filiale de Pathway Asset Management), situé à Toronto, Montréal, Vancouver et Calgary, est un fonds minier gérant d'importants actifs. Il propose des placements disposant d’avantages fiscaux dans des sociétés en commandite de "super-accréditives" à l’attention des investisseurs canadiens, ainsi que dans d'autres sociétés en commandite pour les investisseurs internationaux. L’or et les métaux précieux, les métaux de base, les terres rares et le lithium, la potasse, l’uranium, le pétrole, le charbon et le gaz constituent autant de secteurs cibles du Groupe. Pathway Asset Management possède également une expertise dans la fabrication et la distribution de produits structurés et de fonds communs de placement (notamment les Fonds en Structure de Capital Séries Multiples Pathway Inc.). Pour plus d’informations concernant le Groupe MineralFields, nous vous invitons à consulter leur site internet : www.mineralfields.com. First Canadian Securities ® (une filiale de Limited Market Dealer Inc.) est un chef de file dans le financement des ressources (par le biais d’accréditives et de placements privés dans le capital de sociétés cotées) à des conditions compétitives, efficaces et simples. Elle offre également aux sociétés du secteur des ressources des services en investissement d'affaires, en fusions et acquisitions et de la consultation relative à l'industrie minière. MineralFields et Pathway ont financé des centaines de sociétés d'exploration pétro-minières et gazières par l’entremise de First Canadian Securities ® et ont ainsi accumulé plus d’un milliard de dollars en l’espace de 10 années.
If you would like to be added to Habanero’s email updates list, please send an email to [email protected] requesting to be added.
To view maps of these projects please go to http://www.habaneroresources.com.
Habanero Resources Inc.
Tel: 604 646 6900
“Jason Gigliotti”
Jason Gigliotti, President
Statements in this press release regarding the Company which are not historical facts are “forward- looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations and includes the statement that the proceeds from the above financings are intended to be used to fund the Company’s first phase of drilling at the Haldane Silver Prospect in the Yukon, work on the White Gold Prospect in the Yukon, the Lezai Prospect in Quebec and for general working capital. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as: (i) fluctuation of mineral prices; (ii) a change in market conditions; and (iii) the refusal of the TSX Venture Exchange to accept the closing for any reason whatsoever. Except as required by law, the Company does not intend to update any changes to such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.